Lucasys Completes Two Phases in AEP’s Tax Technology Transformation, Building on Past Successes with Lucasys-led Solutions

Lucasys has successfully completed Phases 1 and 2 of American Electric Power’s (AEP) ongoing tax technology transformation initiative in partnership with Lucasys, a leading software and consulting firm specializing in the utility sector. These milestones mark significant progress in AEP’s journey toward modernizing and optimizing their tax function to manage the complexities of their dynamic operations.

Vadim LantukhSeptember 3, 2024Lucasystax, utilities, aep, american electric power, tax technology, state deferred income tax, deferred tax, tax automation, finance, accounting

AEP's Data Revolution: Partnering with Lucasys to Prepare for the Next Leap in Tax Technology

American Electric Power (AEP), one of the nation’s largest utility power producers and operator of the nation’s largest electric transmission network, has a longstanding reputation as an industry leader in digital transformation and technological innovation. Successful operations have led AEP to sustained growth, expanding the organization into additional states and service territories while accumulating a blend of data, processes, and technologies.